Bluewaters Island, located 500 meters off the coast from Jumeirah Beach Residence & Dubai Marina.
The development on this island, a Meraas project, will reportedly cost USD 1.6 bn.
The center-piece of Bluewaters Island is a 210 meter tall Ferris wheel which will be about 90 meters taller than the London Eye.
Once complete, the development will have a direct link to Sheikh Zayed Road, a monorail connecting to the Dubai Metro, a pedestrian bridge and a cable car to Jumeirah Beach Residence.
The project is estimated to take five years to build, with completion due in Q1 of 2019.
1 Beds: sizes from 963 - 1,155 sq. ft. Prices from AED 1.9 - 2.7 M (limited availability)
2 Beds: sizes from 1,451 - 2,033 sq. ft. Prices from AED 3.0 - 3.9 M
3 Beds: sizes from 1,935 - 2,114 sq. ft. Prices from AED 3.6 - 5.1 M
4 Beds: sizes from 2,209 - 2,473 sq. ft. Prices from AED 5.5 - 5.8 M (limited availability)
The developer is offering the following payment plan:
|10%||6 Months after Purchase date|
|10%||12 Months after Purchase date|
|10%||16 Months after Purchase date|
|10%||24 Months after Purchase date|
|10%||28 Months after Purchase date|
|15%||32 Months after Purchase date|
|15%||36 Months after Purchase date|
Why Invest in Bluewaters Island?
Bluewaters Island will be one of the most exclusive and luxurious developments in Dubai. This will become a world-class tourist destination.
1. Tourism-driven community: Bluewaters Island a tourist-driven community; In addition, nearby areas and projects such as JBR Beach and Emaar Beachfront will also draw many tourists throughout the year. This can drive up property values, as well as rental returns. Investors may be able to achieve high returns by converting their apartments as holiday homes (short-term rentals).
2. Reputable Developer: Meraas has delivered many high-quality developments and has established its name as one of Dubai’s top tier builders. Examples of their developments include City Walk, La Mer, the Beach, Kite Beach, Outlet Mall, and many more.
3. Prime Location: Located just off the coast of JBR, the island is easily accessible and well-connected to other parts of the city. Properties offer beautiful views of the Ain Dubai, JBR/Marina skyline, and the Arabian Gulf. Bluewaters will be connected directly via Sheikh Zayed Road through its own entrance.
4. Payment Plan: The developer is offering an excellent three-year post-completion payment plan. Whether you are buying as an end-user or an investor this is perfect for you. There will be no need to take a mortgage. Secondly, for investors, part of their property installments will be paid off with rental income.